Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
I did not take @PRESSmUP’s reference to politics as being directed towards anyone. Just ran a bit “off the track” which most of us manage to do now and than. Of course, he can answer on his own.
I bought a little at 220 this morning. I'm a sucker but just having fun.
+1
Unloaded 50% of my recent DKNG acquisitions yesterday on a nice bounce. Lowered my average cost to $16.75. But it’s having a “sissy fit” today - off 5%.
Watching - At $1…
Point taken @MikeM
The TRP funds I’ve sometimes used (PRSIX, TRRIX) don't adjust holdings - other than maybe some subtle market calls on TRP’s part.
I like yogi’s suggestion. On the other hand, there’s something to be said for using funds you ha…
I tried using AOK as my personal benchmark based on my 31% equity allocation. I am down .87% YTD as of today. I must be a (timid) genius. LOL. Another 30% er,,,, VTINX is also failing to provide protection. It seems obvious that a giant slug of …
Thanks. Hope he’s right.
Added: Caught him on Bloomberg today. He makes an impressive case.
I suspect that to some extent Moynihan is “talking his book.” A banker predicting a recession would seem akin to a bartender going to a temperance meeti…
Enjoy both WSJ & Barron’s. With few exceptions the news reporting in both seems objective and of high quality. Too bad the WSJ devotes so much space, however, to their (mostly very conservative) “Opinion” section. A waste of good talent ISTM. T…
Suffering withdrawal w/o a nightly fix of BB to wager on. The NBA playoffs are taking place now. I put a couple bucks on the underdog Mavericks last night, forgot to watch, but they somehow pulled it out against the Clippers.
I’ll generally only w…
Re South Africa, violence at mining sites has cut into production. I’m not up to speed on all the different minerals necessary for the green transition, but there are other deposits of many of them globally in less volatile settings. Even Norway …
I like ORD. That’s what United & American use for transfers to longer distance flights. The other option is through DTW (Delta). DTW is a bit less congested. It’s 20-30 minutes in the air up to TVC from ORD. So typically more time on the gro…
There’s been ample coverage in the WSJ that global shipping is slowing down and also domestic trucking. Apparently some cargo ships are running near empty for reasons that weren’t entirely clear to me. The slowdown, however, is credited to store…
Mr. Fantastic says, “I have never been this high”
Yogi Berra said, “It's tough to make predictions, especially about the future.”
Personally, I have not built up cash. On the other hand, I haven’t thrown money at a falling stock market either - as…
I only track daily volatility of VWINX. On that single metric it is quite impressive. Didn’t fare quite as well as usual Thursday, losing .59%. Still, that was less than half the 1.22% loss in the S&P.
I certainly understand the inclination on…
Interesting comments by @BaluBalu above on Costco.
Just read the Barron’s article. Costco has a lot less “shrinkage” than its competitors (the nice word for theft). Reasons given: Items are larger and bulkier, receipts are checked at the door, s…
@msf said “Divs are a mix of return of capital (ROC), regular income, and UBTI. So UBTI is only a part.”.
That’s very encouraging. It the very high income distribution from some MLPs that led to my initial concern / question. From your comment …
@Graust, I think we’re on the same page. Some of these MLPs crank out double-digit interest (through dividends). Seems to be a big part of their appeal. That’s the part Some of that that may get passed through and not taxed at the corporate level.…
Thank you @msf
- Re “I'm not clear about what you find special regarding pass throughs in IRAs. Mutual funds are pass throughs. REITs are pass throughs.”
My (evolving) understanding is … with a traditional corporation the entity has already bee…
Unfortunately, it’s quite prevalent throughout Western Europe as well.
Takes many forms. Maybe this is unrelated - The right convinced the working class that “foreigners” were stealing their jobs. Barriers against immigration and foreign imports …
My heart bleeds for TRP!
https://seekingalpha.com/news/3822317-t-rowe-price-cut-to-hold-at-jefferies-as-fixed-income-flows-prove-challenging
https://www.marketscreener.com/quote/stock/T-ROWE-PRICE-GROUP-INC-40311214/news/Goldman-Sachs-Downgrades-T…
Spent 10 hours Wednesday in airports and on planes. Lesson: Bring a couple extra clean masks along. The same one starts to smell raunchy after 5-6 hours constant wear. Especially if you’ve been toting heavy luggage around. And the F…. air circula…
@Hank. Detroit guy here …
+1 My family moved to the Detroit area for a few years after I was born (roughly ‘48-‘52). Dad worked at Dodge Main and than the Warren Tank plant.
Can anyone remember when a nickel would buy a nice sized candy bar ?
@Derf Yes. I was 4 or 5. Could buy a very nice sized candy bar for 5 cents.
A quarter back than bought you a delicious ice cream soda, malt or banana split at Sanders in the old…
Thanks @bee - I suspect few need convincing at this point that inflation is real and not entirely of Mr. Putin’s making. But the detailed insights into various markets are valuable.
Some bio on the author from Linkedin:
“Frank Holmes is the CE…
The March commentary reads like Cathie Wood on steroids. Generational opportunity in the current portfolio. I hold out hope, but what a shellacking YTD! That being said, it's the type of fund that can make up 15% in a week.
And there’s nothing wr…
”Other way around. Treasury (and related) securities are exempt from state taxes, but with some exceptions are federally taxable.” Yep. Thanks! Guess I got it backward. Shoots holes in my theory than that cashing out an IRA wouldn’t have serious ta…
I believe @hank is just suggesting that instead of rearranging allocations, one could get the cash from bonds in a Roth without tax consequences.
That’s correct. I’m not aware of anything yielding anywhere near 9.5% guaranteed that one would be ab…
@msf raises a good point. However …
- One could invest all of their non tax sheltered money in I-Bonds.
- One could pay taxes early on tax-deferred money to buy I-Bonds were the cap removed.. They’ll owe taxes on that someday anyhow.
- One c…
Shakespeare said, “What’s in a name?”
But on closer examination, that’s a horrific YTD return, likely made worse by rapid outflows. Reminiscent of something similar here involving MFLDX many years ago. Rats fleeing a sinking ship. My heart go…
GLDB (etf) has had a couple good days after a miserable stretch. Still down 3-4% YTD. Only consider it if you like both gold and longer IG corporates. I’m neutral on gold and the miners. Very hot recently, which is a bit scary. But % wise my expo…
“Outflows from MM funds is an interesting phenomenon when total outflows from MM plus bond funds together constitute 50% more than the inflows into equity funds. And working folks are constantly earning new money and so, I expect MM funds to continu…
The only munis I follow are the short-intermediate high yield ones. IMHO they are bottoming right now. PRIHX will be off nearly 7% YTD after today’s small drop. Depends on what muni(s) you own. But, generally speaking, states are flush with cash…
(A Guess). I think the Fed will retrench a bit and only raise the overnight lending rate .25% instead of .50% at their next meeting - May 3 & 4. Reason: I think by than the much higher rates we’re witnessing will have begun to slow both the eco…
Wow. That’s a hellofa rate. Traveling. Will digest when back home.
ISTM other sectors of the lending market will need to adjust. Less than sterling borrowers (lower rated and junk) should have to pay a very high rate. In fact, wonder if this will …
Thanks @wxman213 for a thoughtful post. Somewhat echos my comments this morning in Larry’s “Teach your children well” thread.
I don’t think there’s only one way to invest. But your post does help explain why a few of us haven’t dumped our bond fun…
